A Corporation, Limited Liability Company or Partnership organized for the practice of public accounting shall register with the board and comply with the requirements as provided in NRS & NAC Chapter 628.

OWNERSHIP REQUIREMENTS FOR FIRMS ORGANIZED FOR PRACTICE OF PUBLIC ACCOUNTING IN THE STATE OF NEVADA

Certified Public Accountants Ownership:
51% of the firm must be owned by licensed Certified Public Accountants of some state in good standing, and be principally employed by the firm and actively engaged in its business. Each member of the firm, whose principal place of business is this state, must be a Certified Public Accountant of this state (Nevada) and in good standing.

Non-Licensed Members Ownership:
49% of the firm may be owned by a non-licensed member if the person is actively engaged in the business of the firm and the firm complies with any other requirements that the board may impose.

Application Fee of $200 made payable to the Nevada State Board of Accountancy. Nevada accepts payments by credit cards, checks or money orders.

Copy of Articles of Incorporation filed with the Secretary of State's Office.

The Articles of Incorporation should contain the following information:

Name of Corporation

Name of the county, city or town and address of its principal office

Nature of the Business or purpose to be carried on by the corporation

The Profession to be Practiced by means of the professional corporation

The amount of the total authorized capital stock of the corporation, and the number of par value or without par value shares and classes of stock

Whether capital stock shall be subject assessment to pay the debts of the corporation

The name and residence addresses of the original stockholders and directors of the professional corporation.

The name and address of each of the incorporators signing the Articles of Incorporation.

Stock Purchase Agreement - A written agreement must exist binding the shareholders or the corporation to purchase any shares offered for sale by, or not under the ownership or effective control or, a qualified shareholder. The corporation may retire any amount of stock for this purpose, notwithstanding any impairment of its capital, so long as one share remains outstanding. Provisions should be included either in the Articles of Incorporation, by-laws, or by separate agreement.

Restrictions on ownership and transfer of shares.

Each majority shareholder of the corporation must be a certified public accountant of some state in good standing, and be principally employed by the corporation or actively engaged in its business. No other person may have any interest in the stock of the corporation. The principal officer of the corporation and any officer or director having authority over the practice of public accounting by the corporation must be a certified public accountant of some state and in good standing.

At least one shareholder of the corporation must be a certified public accountant of this state in good standing.

Each resident manager in charge of an office of the corporation in this state and each shareholder or director who is regularly and personally engaged within this state in the practice of public accounting must be a certified public accountant of this state and in good standing.

Application Fee of $200 made payable to the Nevada State Board of Accountancy. Nevada accepts payments by credit cards, checks or money orders.

Copy of Articles of Organization filed with the Secretary of State's Office.

The articles of organization should contain the following information:

Name of Limited Liability Company

Name of the county, city or town and complete street address of its resident agent

Nature of the Business to furnish to the public accounting services

The name and address of the qualified members of the limited liability company.

Purchase Agreement - A written agreement must exist binding the members of the limited liability company to purchase any interest offered for sale by, or not under the ownership or effective control or, a qualified member.

Restrictions on ownership and transfer of ownership interest.

Each majority member of the limited liability company must be a certified public accountant of some state in good standing, and be principally employed by the limited liability company or actively engaged in its business. No other person may have any interest in the company.

At least one member of the limited liability company must be a certified public accountant of this state in good standing.

Each person in charge of an office of the limited liability company in this state and each member who is regularly and personally engaged within this state in the practice of public accounting must be a certified public accountant of this state and in good standing.

Application Fee of $200 made payable to the Nevada State Board of Accountancy. Nevada accepts payments by credit cards, checks or money orders.

REQUIREMENTS FOR REGISTRATION:

As provided in NRS 628.340, the following requirements apply to all partnerships registered in Nevada with an office in this state or as a foreign registration with no resident office:

At least one general partner must be a certified public accountant of this state in good standing.

Each partner who is a resident of this state and regularly engaged in the practice of public accountancy in this state must be a certified public accountant of this state in good standing.

Each partner who engages in the practice of public accounting in this state but is not a resident and is not regularly employed in an office of the firm in this state must be a certified public accountant in good standing in some state.

Each manager in charge of an office in Nevada must be a certified public accountant in this state in good standing.

Each partner who is regularly engaged in the practice of public accounting within the United States must be a certified public accountant in good standing of some state or

If one of the partners is not licensed as a certified public accountant in any state, that person may not hold more than a minority share of ownership.